Business and the Economy
Lawmakers Tout Job Growth Signs
Homegrown Lexington tech company SIS is expanding, pouring 5.5 million dollars into its operation. And state and local lawmakers are hoping that becomes a trend. In a time when officials are eager to tout job growth, it's no surprise to see ribbon cuttings drawing larger crowds. SIS, a local tech solutions company, celebrated its expansion Monday, along with the addition of 15 new high-tech jobs. And while that number may sound modest, they're the kind of jobs Governor Steve Beshear says signal recovery.
"Are we out of this recession? No. But by golly, we're headed in the right direction," he said.
Beshear credits business incentives legislation passed in 2009. Though Kentucky's jobless rate has been slipping since then, the numbers continue to hover close to 10 percent, just above the national unemployment rate.